457,998 Shares in Excelerate Energy, Inc. (NYSE:EE) Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 457,998 shares of the company’s stock, valued at approximately $13,854,000. TimesSquare Capital Management LLC owned approximately 0.43% of Excelerate Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Excelerate Energy during the 3rd quarter valued at approximately $4,385,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after purchasing an additional 52,007 shares in the last quarter. PDT Partners LLC increased its holdings in shares of Excelerate Energy by 85.5% during the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after purchasing an additional 21,645 shares in the last quarter. Barclays PLC increased its holdings in shares of Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after purchasing an additional 20,113 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in shares of Excelerate Energy during the 4th quarter valued at approximately $580,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Up 1.1 %

Shares of EE stock opened at $29.74 on Thursday. The company’s 50-day moving average price is $30.49 and its 200-day moving average price is $25.82. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.90 and a beta of 1.41. Excelerate Energy, Inc. has a twelve month low of $13.39 and a twelve month high of $32.99.

Wall Street Analyst Weigh In

Several brokerages recently commented on EE. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays boosted their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Northland Securities boosted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy presently has an average rating of “Hold” and an average target price of $31.00.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.